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The U.S. Dollar Death Dance

posted by Avatar emmypiu 1311 days ago in USD, Sentiment, Daily made popular 1311 days ago

The USDollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, p read more
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Despite A Recession, The USEconomy Isn’t As Bad As You Think

posted by Avatar juanpablo 1311 days ago in USD, Sentiment made popular 1311 days ago

Whoever says that the American economy has tanked should take another look. I believe this country is one of the most productive nations in the world, up there with the Germans and the Japanese who are no slouches when it comes to industrial outp read more
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Dollar climbs two-year peaks, risk stays in focus

posted by Avatar Romantiq 1311 days ago in USD, EUR made popular 1311 days ago

The dollar climbed to a fresh two-year high versus the euro and a basket of currencies in choppy trade on Thursday as investors nervous of a severe global recession kept their faith in reserve currencies. read more
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Dollar and Yen Take a Breathe after Strong Rally

posted by Avatar pippinator 1311 days ago in USD, JPY, Daily made popular 1311 days ago

Markets stabilize a bit in early US session, digesting strong gains in dollar and yen. The greenbacks surged to 5 year high against Sterling and 4 year high against Canadian dollar. Yen, on the other hand, reached a 6 year high against Euro. Econ read more
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Dollar Soars Versus Sterling, Nears 13-Year Low Versus Yen

posted by Avatar sheryl 1311 days ago in USD, Fundamental made popular 1311 days ago

The resurgent dollar continued its levitation act versus most other major currencies on Thursday, rising to a fresh 5-year high against the sterling while consolidating its gains against the euro. read more
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Existing Home Sales - Will It Affect The Dollar?

posted by Avatar jonnycakes 1311 days ago in USD, Fundamental, Housing made popular 1311 days ago

The figure was 4.91 million last month; it is surprisingly forecast to be 4.97 million this month. In August, the figure beat the estimate but in both September and July the number failed to meet the forecast. read more
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Weekly Jobless Claims Increase By More Than Expected

posted by Avatar pippinator 1311 days ago in USD, Fundamental, Employment made popular 1307 days ago

Indicating continued weakness in the labor market, initial jobless claims increased by much more than expected in the week ended October 18th, according to a report released by the Department of Labor on Thursday. read more
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European markets fall on economy fears

posted by Avatar eriathwen 1311 days ago in GBP made popular 1310 days ago

The European markets fell for the third day on Thursday, as disappointing results from Daimler and ABB substantiated fears that the global economic slump is hurting profit growth. read more
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US working on plan to help homeowners refinance

posted by Avatar emmypiu 1311 days ago in USD, Fundamental, Housing made popular 1311 days ago

Federal regulators told Congress Thursday they're working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that Federal Reserve Chairman Alan Greenspan warned will get worse before it gets bette read more
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Elliott Wave - EUR/USD, GOLD

posted by Avatar 1311 days ago in USD, Technical, Gold made popular 1311 days ago | admin links

Gold broke to new lows on Wednesday so count number #2, discussed yesterday is the case. Strong dollar moves due to credit market liquidity have also influenced oil prices, with a large percentage decline that dropped $3 on crude. Usd/Chf also we read more
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US: People nervous now, but expect economy to improve

posted by Avatar skushno 1311 days ago in USD, Fundamental made popular 1311 days ago

People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story -- and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing.
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The Yen Continues To Rise, The Carry Trade Is Dead

posted by Avatar czarinacleopatra 1311 days ago in JPY, Special made popular 1311 days ago

The yen continues to rise against both the dollar and the euro. The entire universe of the FX trade complex is in a roaring collapse as the old status quo of the Japanese carry trade violently unwinds. This is exposing all the hedge schemes and o read more